Brian Bares – Bares Capital Management Portfolio Activity & Recent Trades (Jun 30, 2025)
As of Jun 30, 2025, the Bares Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 14, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.
During Q2 2025, the filing reported:
New Buys – The Middleby Corporation (MIDD), APi Group Corporation (APG), Ferguson Enterprises Inc. (FERG)
Increases – Interactive Brokers Group, Inc. (IBKR), Pegasystems Inc. (PEGA), Medpace Holdings, Inc. (MEDP), CoStar Group, Inc. (CSGP), Brown & Brown, Inc. (BRO), and 1 more
These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.
Bares Capital Management Activity
| Date | Symbol | Type | Quantity |
|---|---|---|---|
Q2 2014Jun 30, 2014 | XPO XPO, Inc. | Sell | -334,797-9.4% |
Q2 2014Jun 30, 2014 | TLF Tandy Leather Factory, Inc. | Sell | -623,041-38.1% |
Q2 2014Jun 30, 2014 | TZOO Travelzoo | Sell - Position Exit | -990,969-100.0% |
Q1 2014Mar 31, 2014 | TZOO Travelzoo | Buy - Position Entry | +990,969 |
Q1 2014Mar 31, 2014 | GHM Graham Corporation | Buy - Position Entry | +450,479 |
Q1 2014Mar 31, 2014 | CRMT America's Car-Mart, Inc. | Buy | +262,835+27.7% |
Q1 2014Mar 31, 2014 | HEI-A Heico Corporation | Buy | +140,283+13.1% |
Q1 2014Mar 31, 2014 | MLAB Mesa Laboratories, Inc. | Buy - Position Entry | +120,322 |
Q1 2014Mar 31, 2014 | POST Post Holdings, Inc. | Buy | +56,978+2.6% |
Q1 2014Mar 31, 2014 | OFLX Omega Flex, Inc. | Buy | +11,020+2.0% |
Q1 2014Mar 31, 2014 | XPO XPO, Inc. | Buy | +9,112+0.3% |
Q1 2014Mar 31, 2014 | ZBH Zimmer Biomet Holdings, Inc. | Buy - Position Entry | +8,551 |
Q1 2014Mar 31, 2014 | MIDD The Middleby Corporation | Buy | +5,894+1.7% |
Q1 2014Mar 31, 2014 | MRK Merck & Company, Inc. | Buy - Position Entry | +3,794 |
Q1 2014Mar 31, 2014 | TLF Tandy Leather Factory, Inc. | Buy | +3,394+0.2% |
Q1 2014Mar 31, 2014 | G9618E107 White Mountains | Sell | -24-1.6% |
Q1 2014Mar 31, 2014 | UGI UGI Corporation | Sell | -168-2.7% |
Q1 2014Mar 31, 2014 | VTV Vanguard Value ETF | Sell | -322-3.4% |
Q1 2014Mar 31, 2014 | EXPD Expeditors International of Was | Sell | -345-1.2% |
Q1 2014Mar 31, 2014 | VGK Vanguard FTSEEuropean ETF | Sell | -378-2.8% |
Q1 2014Mar 31, 2014 | VCSH Vanguard Short-Term Corporate B | Sell | -506-4.4% |
Q1 2014Mar 31, 2014 | VMBS Vanguard Mortgage-Backed Securi | Sell | -639-8.9% |
Q1 2014Mar 31, 2014 | VWO Vanguard FTSE Emerging Markets | Sell | -839-1.8% |
Q1 2014Mar 31, 2014 | WY Weyerhaeuser Company | Sell | -923-3.1% |
Q1 2014Mar 31, 2014 | BAM Brookfield Asset Management Ltd. | Sell | -961-2.0% |
Q1 2014Mar 31, 2014 | CSWC Capital Southwest Corporation | Sell | -1,092-3.5% |
Q1 2014Mar 31, 2014 | WINA Winmark Corporation | Sell | -1,302-0.2% |
Q1 2014Mar 31, 2014 | BWX SPDR Bloomberg International Tr | Sell | -1,473-9.1% |
Q1 2014Mar 31, 2014 | BMY Bristol-Myers Squibb Company | Sell - Position Exit | -3,834-100.0% |
Q1 2014Mar 31, 2014 | UTMD Utah Medical Products, Inc. | Sell | -7,021-1.8% |